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Copper beaks major resistance around 2.145, targets 2.300

Dec 30, 2015 12:06 pm UTC| Technicals

Pattern - Ascending triangle pattern Copper broken major resistance 2.1420 and jumped till 2.147. It is currently trading around 2.134. The break of 2.142 confirms minor trend reversal, a jump till 2.3050 is...

FxWirePro: EUR/GBP rejected at highs, retest of 0.7313 likely

Dec 30, 2015 11:26 am UTC| Technicals

EUR/GBP was rejected at highs near 0.7385 today, bulls struggling to take the pair higher. Doji formed on Tuesdays candle and hammer in todays session till now suggest retest of 0.7313 levels, 0.7313 is 23.6% Fib retrace...

FxWirePro: AUD/USD downside capped by 5-DMA, gains till 0.7330 likely

Dec 30, 2015 11:05 am UTC| Technicals

Overnight rebound in crude supported commodity currencies such as the Australian dollar on Wednesday. AUD/USD slipped to 0.7271 after rising to 0.7303 overnight, its highest since Dec. 10. Techs show scope for further...

AUD/CHF Trade idea

Dec 30, 2015 10:59 am UTC| Technicals

Major resistance -0.7230 (Dec 10th high) AUD/CHF has broken major resistance 0.7230 and jumped till 0.72468. It is currently trading around 0.72303. Any break above 0.7230 confirms minor trend reversal, a jump till...

FxWirePro: USD/CAD forms temporary top around 1.400, good to sell on rallies

Dec 30, 2015 10:26 am UTC| Technicals

Loonie has formed temporary top around 1.4000 and started to decline from that level. It is currently trading around 1.38655. Short term trend is still weak as long as resistance 1.4000 holds. Any break above 1.4000 will...

Major European Indices Technical Analysis

Dec 30, 2015 08:10 am UTC| Technicals

DAX: DAX has broken major resistance 10863 and jumped till 10876. Any break above 10865 will take the index till 11010(200 day MA)/ index is currently trading around 10856. The index minor support is around...

FxWirePro: BTC/EUR recovers after making a low of 371, good to buy at dips

Dec 30, 2015 07:17 am UTC| Technicals

BTC/EUR has recovered till 395.76 after making a low of 393. It is currently trading around 393. The pair has taken support near 371.80 and intraday weakness can be seen only below 370 On the higher side minor...

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